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AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

ADNOC L&S to pay $136.5m dividend

This is equivalent to 6.78 fils per share, the company said.

‘TAQA’ prices $1.75bn dual tranche

The 12-year senior unsecured notes are sized $850m.

Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.

GM reports US sales dip, that of EVs grew

The big Detroit automaker reported 659,601 US sales during the period.
  • Turkey, Italy seek joint hosting of Euro cup 2032, says UEFA

    Paris, France - Italy and Turkey have asked to jointly host the 2032 European Championship, UEFA announced on Friday. European football's...

    Turkey, who lost out to Germany for Euro 2024, entered the process for both editions, while Italy decided to bid only for 2032.

    In 2021, UEFA initiated a bidding process for the hosting of two editions of its European Championship, in 2028 and 2032.

  • Tabreed H1 23 net profit $105m

    New customers and projects were added in H1 2023.

    In the first half of the year, Tabreed's revenue increased by 9.4 percent YoY to US$290 million, from US$265 million in H1 2022.

    Earlier this month, Tabreed started operating the cooling infrastructure, officially commencing its first operations in India.

  • G20 environment ministers race to reach climate consensus

    Most delegations were led by their environment and climate change ministers, while the US delegation was headed by Special Presidential Envoy...

    Any agreements reached at the one-day conference in Chennai will be signed by the leaders of G20 nations during a summit in New Delhi this September

    The meeting comes only days after the group's energy ministers were criticised for failing to agree on a roadmap to cut fossil fuels from the global energy mix

  • Saudi summons Danish diplomat to protest Quran burning

    During the meeting on Thursday with the Danish charge d'affaires, foreign ministry officials delivered a protest note urging an end...

    The far-right group Danske Patrioter on Monday posted a video in which a man is seen desecrating and burning what appeared to be the Muslim holy book.

    Saudi Arabia has also denounced protests by a Sweden-based Iraqi refugee who last month burned pages of the Quran outside Stockholm's main mosque.

  • Biden pursuing Middle East peace deal anchored in Saudi-Israel normalization: report

    As part of this potential deal, Saudi Arabia would normalize relations with Israel, contingent on Israel making concessions to the...

    As part of this potential deal, Saudi Arabia would normalize relations with Israel, contingent on Israel making concessions to the Palestinians

    Biden has dispatched his national security adviser, Jake Sullivan, and Middle East policy official, Brett McGurk, to Saudi Arabia to engage in exploratory talks

  • Trade between Russia and Africa totaled $18 bn in 2022: Putin

    Moscow, Russia - Trade turnover between Russia and Africa reached $18 billion in 2022, which is one of the results...

    Last year Russia’s trade with African countries in agricultural products increased by 10 percent to $6.7 billion

    Russia exported 11.5mt of grain to Africa in 2022, and almost 10mt in the first six months of 2023

  • Jordan okays cybercrime bill despite rights groups warning

    The bill must also be approved by the senate before being ratified by King Abdullah II and published in the...

    The bill was approved by the house of representatives, with some of the proposed penalties reduced from an initial draft version.

    It came after 14 non-governmental organizations on Monday issued a statement describing the new bill as "draconian" .

  • Saeed bin Zayed passes away, three days of mourning announced

    Abu Dhabi, UAE -- Sheikh Saeed bin Zayed Al Nahyan, brother of UAE President Sheikh Mohamed bin Zayed Al Nahyan...

    Born in 1965 in Al Ain, Sheikh Saeed was appointed as the Representative of the Ruler of Abu Dhabi in June 2010.

    He was appointed as the Undersecretary of the Department of Planning in Abu Dhabi. He was also a representative of Sheikh Zayed bin Sultan Al Nahyan.

  • Saudi fighter jet crashes in training, killing crew

    The air force jet was on a training exercise when it crashed on Wednesday in the south of the country,...

    The site of the crash borders Yemen, where Saudi Arabia has led a military coalition against Houthi rebels

    The jet is part of Saudi's fleet of F-15SAs, seen as a cornerstone of the ties between the kingdom and the US

  • Eastward shift: GCC builds strategic ties with ASEAN

    Trade between GCC and ASEAN doubles, marking a new economic collaboration era as Saudi Arabia, Qatar, Oman, and UAE enhance...

    Trade between GCC and ASEAN doubles, marking a new economic collaboration era as Saudi Arabia, Qatar, Oman, and UAE enhance ties by signing Treaty of Amity and Cooperation

    The UAE dominates Gulf investments in ASEAN with 74% share from 2016 to 2021 as recent free trade agreements with Indonesia and Singapore indicate expanding GCC-ASEAN ties